Monopoly
Patents & Trademarks
Advertising
Business Plan
Vocabulary
100
Charles Darrow
Who created monopoly?
100
Document protecting inventors
What is a patent?
100
What you are trying to get accomplished with your advertisement.
What is intent?
100
Someone who organizes, operates, and assumes the risk for their own business venture.
What is an entrepreneur?
100
Consumers' desire to own something and ability to pay for it.
What is demand?
200
The inventor was out of work and bored.
Why was monopoly created?
200
Helps distinguish one company's product from other companies' products. Can be a symbol, name, word, picture, sound, or design.
What is a trademark.
200
The people you are trying to reach with your advertisement
Who is your audience?
200
Research that tells you the demand for your product, areas of demand, and the target audience.
What is market research?
200
Something done for someone else
What is a service?
300
This element is included in the game by adding "chance" cards and dice.
What is luck?
300
Ancient Greeks
Who created first patents?
300
Telemarketing, mail, billboard, brochures, leaflets, radio commercials, t.v. commercials, posters...
What are some types of advertisements?
300
Before spending a lot of money on the business, you should prepare this.
What is a business plan?
300
Goods and services that improve our lives but are not necessary
What is a want?
400
The company who bought the game and its rights from the inventor.
Who are the Parker Brothers?
400
Where you must obtain a patent from in the USA.
What is the United States Patent and Trademark Office?
400
the business itself or a hired agency
Who creates ads?
400
These costs include equipment to produce the product, purchase of property or building, decorating building, cost of patent...
What are start up costs?
400
Person who produces goods/services
What is a producer?
500
The current economic conditions of the Great Depression where money was scarce and hard to get, few jobs available, and people were out of work.
What is the inspiration or pattern for the game of monopoly?
500
"The inventor is given the right to exclude others from making, using, offering for sale, or selling the invention in the issuing country or importing the invention into another country."
What does the patent grant say?
500
A way of reaching millions of potential customers around the world
What is internet advertising?
500
These expenses include insurance payments, taxes, loans, rent, electric bill, water bill, internet bill...
What are overhead expenses?
500
Business system of the USA in which businesses are free to operate against other businesses for a profit.
What is a free enterprise system?
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